SWIFT TRANSPORTATION Co 4
4 · SWIFT TRANSPORTATION Co · Filed May 25, 2017
Insider Transaction Report
Form 4
Brown Glenn F
Director
Transactions
- Award
Class A Common Stock
2017-05-24$23.99/sh+4,168$99,990→ 50,855 total
Footnotes (1)
- [F1]Represents an award of restricted shares of Class A common stock granted under the Issuer's 2014 Omnibus Incentive Plan. Pursuant to the Restricted Stock Grant Award Notice (the "Agreement"), the restricted shares vest on the first anniversary from the grant date, subject to certain termination and forfeiture provisions. Further, if Grantee's service as a member of the Board is terminated in connection with the transactions contemplated by the Agreement and Plan of Merger by and Among the Company, Bishop Merger Sub, Inc. and Knight Transportation, Inc. dated as of April 9, 2017, then a portion of the shares of restricted stock granted above shall become vested as of the date of Grantee's termination of service, determined by multiplying the number of shares of restricted stock granted herein by a fraction, the numerator of which is the number of completed days of Grantee's service following the Grant Date prior to termination of Board service, and the denominator of which is 365.